LVW Advisors LLC Decreases Stock Position in EOG Resources, Inc. (NYSE:EOG)

LVW Advisors LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 10.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,977 shares of the energy exploration company’s stock after selling 959 shares during the quarter. LVW Advisors LLC’s holdings in EOG Resources were worth $978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. Northwest Investment Counselors LLC purchased a new stake in EOG Resources during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the 4th quarter valued at $27,000. Eastern Bank purchased a new stake in EOG Resources during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in EOG Resources in the third quarter worth $31,000. Finally, HM Payson & Co. increased its stake in EOG Resources by 203.7% in the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock worth $40,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EOG. Truist Financial increased their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Citigroup increased their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Evercore ISI reduced their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Scotiabank reduced their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.48.

EOG Resources Price Performance

Shares of EOG stock opened at $136.70 on Monday. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The stock’s 50-day moving average is $128.96 and its 200 day moving average is $127.07. The company has a market cap of $76.89 billion, a P/E ratio of 11.01, a PEG ratio of 3.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.85%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.